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 Bill Status of SB1263  97th General Assembly


Short Description:  DEPOSIT OF STATE MONEYS-LLC

Senate Sponsors
Sen. Suzi Schmidt

House Sponsors
(Rep. Raymond Poe  and Michael G. Connelly)

Last Action
DateChamber Action
  8/8/2011SenatePublic Act . . . . . . . . . 97-0277

Statutes Amended In Order of Appearance
15 ILCS 520/2from Ch. 130, par. 21


Synopsis As Introduced
Amends the Deposit of State Moneys Act. Makes a technical change in a Section concerning interest on deposits.

Senate Floor Amendment No. 1
Deletes reference to:
15 ILCS 520/2from Ch. 130, par. 21
Adds reference to:
15 ILCS 520/22.5from Ch. 130, par. 41a

Replaces everything after the enacting clause. Amends the Deposit of State Moneys Act. Provides that the Treasurer may invest State money in short-term obligations of limited liability companies with assets exceeding $500,000,000, subject to certain conditions. Effective immediately.

Actions 
DateChamber Action
  2/8/2011SenateFiled with Secretary by Sen. Christine Radogno
  2/8/2011SenateFirst Reading
  2/8/2011SenateReferred to Assignments
  3/9/2011SenateAssigned to Executive
  3/17/2011SenateDo Pass Executive; 015-000-000
  3/17/2011SenatePlaced on Calendar Order of 2nd Reading March 17, 2011
  4/8/2011SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Suzi Schmidt
  4/8/2011SenateSenate Floor Amendment No. 1 Referred to Assignments
  4/8/2011SenateChief Sponsor Changed to Sen. Suzi Schmidt
  4/11/2011SenateSecond Reading
  4/11/2011SenatePlaced on Calendar Order of 3rd Reading April 12, 2011
  4/11/2011SenateSenate Floor Amendment No. 1 Assignments Refers to Financial Institutions
  4/12/2011SenateSenate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 010-000-000
  4/13/2011SenateRecalled to Second Reading
  4/13/2011SenateSenate Floor Amendment No. 1 Adopted; Schmidt
  4/13/2011SenatePlaced on Calendar Order of 3rd Reading
  4/13/2011SenateThird Reading - Passed; 055-000-000
  4/14/2011HouseArrived in House
  4/14/2011HousePlaced on Calendar Order of First Reading
  4/14/2011HouseChief House Sponsor Rep. Raymond Poe
  4/14/2011HouseFirst Reading
  4/14/2011HouseReferred to Rules Committee
  4/21/2011HouseAssigned to Financial Institutions Committee
  5/3/2011HouseDo Pass / Short Debate Financial Institutions Committee; 015-000-000
  5/4/2011HousePlaced on Calendar 2nd Reading - Short Debate
  5/5/2011HouseAdded Alternate Co-Sponsor Rep. Michael G. Connelly
  5/10/2011HouseSecond Reading - Short Debate
  5/10/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/11/2011HouseThird Reading - Short Debate - Passed 114-000-000
  5/11/2011SenatePassed Both Houses
  6/9/2011SenateSent to the Governor
  8/8/2011SenateGovernor Approved
  8/8/2011SenateEffective Date August 8, 2011
  8/8/2011SenatePublic Act . . . . . . . . . 97-0277

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